Latest Market News
U.S. stocks opened lower on Monday, on track for a third day of declines, as investors await a decision from the Federal Reserve, which is expected to deliver another jumbo interest-rate hike on Wednesday. The S&P 500 SPX, -0.33% is down 31 points, or 0.8%, to 3,841. The Dow Jones Industrial Average DJIA, -0.24% retreated […]
Theravance Biopharma Inc. TBPH, +3.03% said Monday its board has authorized a $250 million capital return program, that includes buying back its own stock from GSK Plc GSK, -0.79%. The company will purchase GSK’s entire holdings of about 9.6 million shares at $9.75 a share with the closing expected Tuesday. The company also plans to […]
Shares of AutoZone Inc. AZO, -2.11% rose 1.1% in premarket trading Monday, auto parts retailer reported fiscal fourth-quarter profit and sales that rose above expectations, helped by continued strength in its commercial business. Net income for the quarter to Aug. 27 rose to $810.0 million, or $40.51 a share, from $785.8 million, or $35.72 a […]
High Tide Inc. HITI, -1.37% HITI, -1.52% a cannabis store operator and e-commerce company, said Monday it closed a five year, C$19 million ($14.3 million) senior secured credit facility with Alberta-based lender connectFirst Credit Union Ltd. The Calgary-based company plans to use the proceeds to increase its Canna Cabana discount cannabis store count to 150 […]
Granite Construction Inc. GVA, +3.61% said Monday it no longer plans to sell its Water Resources and Mineral Services businesses, citing current market conditions. The construction materials company said the businesses’ assets will no longer be classified as held for sale, and the financial results will be reporting within continuing operations. “Although we saw significant […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 0.9992. Today, the pair may expand the range up to 1.0040 and then fall with the target at 0.9920, or even extend this structure down to 0.9800. GBPUSD, “Great Britain Pound vs US Dollar” Having reached the short-term downside target at 1.1350, GBPUSD is expected […]